Abbysoul Productions’ Post

UK millionaires want more advice on philanthropy, but only a small fraction are getting it. 👉 41% say it’s important to discuss charitable giving with their adviser, yet only 6% report their adviser has raised the topic. The demand for philanthropy advice is clear—our work at the Global Returns Project aims to help bridge this gap. #charitablegiving #philanthropy #financialadvisor

🌟 Did you know Donor-Advised Funds (DAFs) aren't a new phenomenon? While they're gaining more attention recently, their history dates back to the 1930s. DAFs were formally recognized in 1969, evolving as a popular philanthropic vehicle allowing donors to make charitable contributions, receive immediate tax benefits, and recommend grants from the fund over time. This surge in popularity isn't without reason. DAFs offer flexibility, tax advantages, and the opportunity to make a meaningful impact without the administrative burdens of managing a private foundation. As we see a shift in philanthropic strategies, DAFs stand out for their adaptability and effectiveness in meeting the diverse needs of both donors and communities. Let’s appreciate the blend of tradition and innovation in philanthropy. DAFs are a testament to the enduring spirit of giving, reimagined for today’s donors and challenges. 🚀 #Philanthropy #DonorAdvisedFunds #InnovationInGiving #nonprofit #nonprofitfundraising

In 2022, giving by foundations grew to more than $105 billion, accounting for more than 20% of total U.S. charitable giving. The significant role foundations play in advancing the social good underscores the need to incorporate equitable and inclusive grant application and review practices. Grantseekers look to grantmaking organizations to demonstrate their commitment to fairness before applying for funding. Donors, funders, and nonprofit organizations all have a real stake in best practices in these processes, because they can impact the availability of resources and the caliber of the applicant pool.  https://lnkd.in/gmB4z34H

During the holiday season, a focus on philanthropy and charitable giving surfaces to the forefront. This month, we'll share #FridayFinancialFacts highlighting statistics and trends regarding giving and volunteering statistics and trends. #AlbanyNY #FinancialAdvisors #FinancialPlanning

PHILANTHROPY AND FINANCIAL LEGACY Philanthropy is a meaningful way to leave a lasting financial legacy while positively impacting society. Individuals can incorporate charitable giving into their economic plans through donor-advised funds, charitable trusts, or direct contributions to causes they care about—the tax benefits of philanthropy, including potential deductions and estate planning advantages. Start a charitable giving plan, choose the right causes, and involve family members to create a lasting impact.

A donor advised fund (or DAF) is a personal charitable account providing the flexibility to donate once and then direct grants to multiple causes over time. DAFs have steadily gained popularity in recent years as donors have expressed a desire to maximize their charitable impact. There are many benefits to opening a DAF with a community foundation! Here are just a few: 🔹 Simplified giving: Focus on your philanthropic goals while our Foundation handles the accounting, legal and investment services. 🔹 Major impact: Your charitable dollars are invested and grow tax-free, allowing you to make an even greater impact over time. 🔹 Expert guidance: Our philanthropic advisors offer expertise that can help you maximize your impact and align your giving with community needs. 🔹 Possible tax benefits: Receive a potential tax deduction the year you contribute to your fund, while retaining the flexibility to decide how to distribute the funds later on. At the Saint Paul & Minnesota Foundation, we’ve seen firsthand how DAFs can empower donors to support the causes they care about most while maximizing the impact of their contributions. Read more about the benefits of partnering with the Foundation → https://hubs.ly/Q02-yvXc0 #DonorAdvisedFund #DAF #philanthropy #CharitableGiving

This month, Beacon Hill's San Francisco Tech team did ab "Adopt a Family" for their community service initiative. The "Adopt a Family" program is a charitable initiative typically run by community organizations, nonprofits, or social service agencies during the holiday season, especially in December. The goal is to provide holiday gifts, meals, and other essentials to families in need. #ExpertsAtWork #EmployingTheFuture #GoHire

Qualified Charitable Distributions (QCDs) are a powerful tool for giving back while maximizing tax benefits, but they can be tricky to navigate. Our team at Community Foundation Tampa Bay is here to support you and your clients as you walk through the nuances of year-end charitable giving. 💙 📖 Learn how to make the most of this impactful giving strategy on the blog: https://loom.ly/yOo-atQ #CharitableGiving #QCD #YearEndGiving #ProfessionalAdvising

Nonprofits are the backbone of our communities today. Their impact cannot be overstated, as they contribute to social welfare, economic stability, and the overall quality of life in our communities. Nonprofits provide essential support and services to people who may not qualify for government assistance but still struggle to make ends meet. As community needs grow, nonprofits work tirelessly to recruit volunteers and collect sufficient donations to meet these needs. Our passionate teams continuously adapt, often achieving more with fewer resources. As we navigate the complexities of the modern world, we must recognize and support the invaluable contributions of nonprofit organizations. The continued success of nonprofits is essential for building resilient, compassionate, and thriving communities. The YMCA of the Virginia Peninsulas and all Ys invite you to advocate with us by asking our Members of Congress to support the nonprofit sector by cosponsoring the Charitable Act (S. 566). This bipartisan bill aims to restore and expand the non-itemizer charitable deduction that was in place during the pandemic, incentivizing more Americans to give to charities. Act now and help our community continue to thrive! Visit the YMCA Advocacy Campaign below to contact your local Members of Congress. Together, we can ensure that our nonprofits remain strong, resilient, and ready to serve those who need us most. #ymca #yusa #ymcavp

Thanksgiving is a time for gratitude—and giving back. Donor-advised funds provide a powerful way for families to make impactful charitable contributions together. This week we've already seen dozens of grants made by our clients, and I expect to see even more over the next few days. Around the Thanksgiving table, families can reflect on shared values, discuss priorities, and decide where to direct their generosity. Many of our clients want to instill generosity as a family value, so these conversations are invaluable. Donor-advised Funds create a framework for intentional giving, making it easy to involve every generation in discussions about the causes they care about. It’s a chance to teach children and grandchildren the importance of philanthropy while aligning on a shared vision for impact.